Kirkland Lake Gold Ltd. ( $KL ) stock is trading under 50 dollars as of July 16th , 2019 and offering a possible buying price between $44.14 – $46.35. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a great breakout back in early February. The volume was above average.
3. The stock had a solid run after that.
4. The stock went into little bit of wild consolidation. It’s even lost the 50 day moving average line.
5. Then the stock staged a solid breakout.
6. The stock made a quick, but posted nice profits after that.
7. The stock found support at the 50 day moving average line before the breakout, and trading above the line since then.
8. The possible buying price would be $44.14 – $46.35, with a stop loss price at $40.61.
